Pros
Excellent benefits; fellow employees are generally very good to work with; interesting work depending on the particular job; opportunity to relocate of change jobs (after I bellieve 2 years in a job position)
Cons
Lots of regulatory and financial bad news over the years and lots and lots of layoffs and cutbacks. Like many companies they talk about client service and taking care of employees but really their first, last, and only motivation is $. They are always looking to transition jobs to cheaper markets if possible so from NY to Jacksonville and then on to India or the Philippines. There are generally never actually have enough employees to perform the job due to the focus on "doing more with less" so it can be stressful. However, you will find this same mindset and short term thinking generally in any big company; and there is opportunity to succeed and advance, so overall I would say it's normal business as usual for a large institution.